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Jul 14, 2011
07/11
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KQED
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too much liquidity, too big deficits, too much inflation. the kind of stagation that came at the end of jimmy carter's presidency. others areoncerned about t mistakes of the late 1930's or the mistakes japan made in the 1990's of an economy that simply stalls out because there ist enough demand. and even with the zero interest rate,removing that barrier to investment just never fully takes off. and my judgment for the first time in my professional lifetime is that for the united states, the much greater risk is on the side of making the mistake that japan made. >> chaie: not to do enough. >> not to do, not to do enough. and i think the people who are fighting the war of the late 1970's are with the best of intentions and with a legitimate concern by pvileging that concern are putting future prosperity at risk. >> charlie: how do you create demand? i know thebig picture. you use the government to promote policies. what are the policies to get people to demand more products so companies can make more products and hire more people and use capit
too much liquidity, too big deficits, too much inflation. the kind of stagation that came at the end of jimmy carter's presidency. others areoncerned about t mistakes of the late 1930's or the mistakes japan made in the 1990's of an economy that simply stalls out because there ist enough demand. and even with the zero interest rate,removing that barrier to investment just never fully takes off. and my judgment for the first time in my professional lifetime is that for the united states, the...
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Jul 30, 2011
07/11
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CSPAN2
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twice as big. and it would be great if all of it was constitutional, it could be great it was if it was all effective, if it was efficient and it would be great if we could afford it. but the fact is we're where we are today with $1.6 trillion deficits because we can't afford the government we have. and so we've not concentrated on the very areas where we can find mutual agreement, we've had three bipartisan bills in here where we've cut money, significant money, a billion here, $5 billion here, $7 billion here, go through the senate with vast majority votes only to go nowhere. because the allowance for the debate on the underlying bills was stopped. the bills were pulled. so what do we do? well, the first thing we do is we look at what the problems are. what are the problems? we have a hundred different programs with a hundred sets of bureaucracies for surface transportation alone. why do we do that? why haven't we fixed it? that's a question the american people ought to be asking. we have 82 prog
twice as big. and it would be great if all of it was constitutional, it could be great it was if it was all effective, if it was efficient and it would be great if we could afford it. but the fact is we're where we are today with $1.6 trillion deficits because we can't afford the government we have. and so we've not concentrated on the very areas where we can find mutual agreement, we've had three bipartisan bills in here where we've cut money, significant money, a billion here, $5 billion...
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Jul 13, 2011
07/11
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CSPAN2
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this notion that we didn't deal with too big to fail. there are a couple of areas where i see the colleagues in climate change and health care don't want to take it on because it's still too popular. coming to the defense of derivative trading is not a particular cause. they are coming at it sideways. one is to try to use the deficit as an excuse for under funding the scc and cftc. they are being denied the funds that it needs that is a small percentage for wasting infrastructure in afghanistan. the notion that the cftc that the 80 or $90 billion more that we need can't be done because of the deficit that people spent in $147 billion so we can keep subsidizing american farmers is nonsense. similarly with the fcc they want to turn in. they will bring in more money to the system than it will be given to run it. that's one effect. in fact, what you have running here is a catch 22. first, deny the fcc and cftc adequate funding. they in turn are not able to deal with the rulemaking requirements that they have. then because we haven't been abl
this notion that we didn't deal with too big to fail. there are a couple of areas where i see the colleagues in climate change and health care don't want to take it on because it's still too popular. coming to the defense of derivative trading is not a particular cause. they are coming at it sideways. one is to try to use the deficit as an excuse for under funding the scc and cftc. they are being denied the funds that it needs that is a small percentage for wasting infrastructure in...
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Jul 1, 2011
07/11
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saving now, they're lots of ways to cur the deficit, but saving taxpayer subsidies for big oil while anda medicare is not in my mind a solution. it makes no sense, mr. president to get a taxpayer-funded subsidb to the big five oil companies ol earning $12 billion in profits o month. they are going to earn aboutbils $144 billion in profits this year alone and say to families, you have to sacrifice even morea now, those on the other side ofs the aisle would tell the middle-class student whose family earns the medium family income of a little over 50,000yt dead now, you can't go to fede college. you can get a g pell grant fromn the federal government, but exxon mobil, a company that wils earn $42.6 billion in profits this year it needs government assistance. and they will continue to comean to this solar, look america int the eye and say that somehow is common phase deficit reduction. mr. president, there simply is no common sense explanation for balancing the budget on the backs of working families and ke that a multibillion dollarsp oin companies keep billions in tax payer dollars.bat
saving now, they're lots of ways to cur the deficit, but saving taxpayer subsidies for big oil while anda medicare is not in my mind a solution. it makes no sense, mr. president to get a taxpayer-funded subsidb to the big five oil companies ol earning $12 billion in profits o month. they are going to earn aboutbils $144 billion in profits this year alone and say to families, you have to sacrifice even morea now, those on the other side ofs the aisle would tell the middle-class student whose...
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Jul 26, 2011
07/11
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FOXNEWSW
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eye 192
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the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six months from now? >> greta: let me ask you about the tax code reform. the simpson-bowles commission said 3300 tax hoop locals, earmarks in the tax code -- loopholes earmarks in the tax code. it didn't get passed over to congress. the president could have adopted that. why didn't the president seize upon that and said let's get rid of those 3300? ' adopted a lot of simpson-bowles commission in the budget framework he laid out in the spring. a lot of the negotiations that took place with the speaker. the president and speaker were agreei
the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six...
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Jul 30, 2011
07/11
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indeed, that would just give a blank check to the big spenders. they could run for two years. and why is it so important to get a longer debt, bigger debt ceiling increase? and i also thought and believe we have an agreement that the debt ceiling shouldn't be increased more than spending is decreaseed. spending decreased over ten years. you cut $1 trillion, you raise the debt ceiling $1 trillion. we give you ten years on spending cuts, but immediately you get a $1 trillion increase in the debt ceiling. why are we in this fix? this is why. i hate to say it. this is why, there is no doubt about it. the president said last week the only bottom line that i have is that we extend this debt ceiling through the next election until
indeed, that would just give a blank check to the big spenders. they could run for two years. and why is it so important to get a longer debt, bigger debt ceiling increase? and i also thought and believe we have an agreement that the debt ceiling shouldn't be increased more than spending is decreaseed. spending decreased over ten years. you cut $1 trillion, you raise the debt ceiling $1 trillion. we give you ten years on spending cuts, but immediately you get a $1 trillion increase in the debt...
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Jul 26, 2011
07/11
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we can't get the big things going. the overarching issues and serving the discrimination issues are one of the things we deal with. if it's okay with you, i would like to take this opportunity to ask my colleague, leonard boswell, to take my seat. i would like to get out of town before the faa shuts down. [laughter] so thank you very, very much for the opportunity. [applause] >> not often you have the luxury of having a reserve congressman. [inaudible] >> congressman connolly haven't heard from you so if you'd like to her housemates be i know time is short. i just want to salute all of you for having this and the thought process. we are certainly in a crisis, and you all know that. and history is going to be written. what's it going to say? i was somewhat relieved, even as for mr. summers to leave town. i wonder what would have to do to get mr. geithner to leave. i'm glad to see them go back and do what he does well. he's a good professor. i would like to see the other gentleman go do what he does well. we are in a cri
we can't get the big things going. the overarching issues and serving the discrimination issues are one of the things we deal with. if it's okay with you, i would like to take this opportunity to ask my colleague, leonard boswell, to take my seat. i would like to get out of town before the faa shuts down. [laughter] so thank you very, very much for the opportunity. [applause] >> not often you have the luxury of having a reserve congressman. [inaudible] >> congressman connolly...
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Jul 7, 2011
07/11
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CSPAN2
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i hope they think big. i hope they swing for the fences and get a result and bring it back to us and let us consider it and hopefully -- hopefully enact it and get on to other things. we -- the debt is a major long-term problem, not just for our grandchildren but for us today. we have a bigger issue facing us, and that is the fact that we have had persistent unemployment in an economy that's not growing, and that's hurting too many people. so the sooner we swing for the fences and get a result and get our debt under control and deal with it in a bipartisan way, the better for the country and the quicker we will be able to get on to the larger question of jobs. of course, economists have made it clear to us that getting the debt under control has a lot to do with jobs, that when our total debt is as high as it is today, nearly 100% of our gross domestic product, that that probably costs us a million jobs a year. we can't solve all that in one day or one month, but we can take a big step in the right directio
i hope they think big. i hope they swing for the fences and get a result and bring it back to us and let us consider it and hopefully -- hopefully enact it and get on to other things. we -- the debt is a major long-term problem, not just for our grandchildren but for us today. we have a bigger issue facing us, and that is the fact that we have had persistent unemployment in an economy that's not growing, and that's hurting too many people. so the sooner we swing for the fences and get a result...
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Jul 8, 2011
07/11
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this is a big step forward. it is a move that we believe is absolutely necessary, because many of us believe that we can't find their future congress and because we can find a future congress or a simple legislative act, through simple statute, to cut three or $4 billion right now in order to make sort of a down payment on the debt limit increase is a promise that could become illusory if it is not accompanied by something else. the one way that we can find a future conference -- congresses through a constitutional amendment. we are identifying here today that this is one way that we could raise the debt limit. some of us have signed a pledge saying that we would not raise the debt limit unless these conditions have been satisfied. i'm one of those people. others among us have not signed the pledge, but have indicated that they would be willing to raise the debt limit in this circumstance and i think senator roy blunt from missouri for making the suggestion a few weeks ago that we consider doing something like t
this is a big step forward. it is a move that we believe is absolutely necessary, because many of us believe that we can't find their future congress and because we can find a future congress or a simple legislative act, through simple statute, to cut three or $4 billion right now in order to make sort of a down payment on the debt limit increase is a promise that could become illusory if it is not accompanied by something else. the one way that we can find a future conference -- congresses...
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Jul 31, 2011
07/11
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KTVU
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one of the big victories that the g.o.p. won through this is to completely move the debate in the direction of spending cuts. they're still at risk of snapping defeat from the jaws of victory overplaying their hand and insisting on their way or the highway. the difference i think is the hit that the g.o.p. is taking from this, as your polls have shown, is probably more transtory. obama has still got to run on the national economic situation in 2012. he can't escape that. for him it's not debt number, it's the unemployment number. that is the risk. his loss is shallower than the g.o.p.s but they're longer lasting. >> bret: steve? >> he got an argument. one thing that the white house wanted out of the debate is the republicans are really putting the economy at risk. you are seeing this, you saw it in gene sperling this morning. this is becoming the main democratic talking point. they are trying to get republicans to own part of the economic difficulty we're in. i don't think it will ultimately succeed. but for the first time i
one of the big victories that the g.o.p. won through this is to completely move the debate in the direction of spending cuts. they're still at risk of snapping defeat from the jaws of victory overplaying their hand and insisting on their way or the highway. the difference i think is the hit that the g.o.p. is taking from this, as your polls have shown, is probably more transtory. obama has still got to run on the national economic situation in 2012. he can't escape that. for him it's not debt...
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Jul 14, 2011
07/11
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i believe our constitutional responsibility is not being fulfilled if we end up with some big-deal big on august 1, and we're told it's got to be passed by august 2, and you can find out what's in it after we pass it. i'm not there. count me out. senator toomey, we had more people wanting to get on the budget committee this year. they were so excited. it was the most wanted committee to be on in the entire senate, and we've not done anything. you were selected to be on the committee, which is a tribute to your experience. i guess i would ask you, how do you feel about where we are? mr. toomey: senator sessions, first of all, thank you for raising this issue because i do think this is a very, very important issue. many of us wanted to be on the budget committee because we see what a critical moment our country is in. we see the very dire straits that we have put ourselves in because of the fiscal irresponsibility of washington. and some of us believe that we don't have a lot of time to get this in order. and so i was looking forward to the opportunity to serve on the committee that woul
i believe our constitutional responsibility is not being fulfilled if we end up with some big-deal big on august 1, and we're told it's got to be passed by august 2, and you can find out what's in it after we pass it. i'm not there. count me out. senator toomey, we had more people wanting to get on the budget committee this year. they were so excited. it was the most wanted committee to be on in the entire senate, and we've not done anything. you were selected to be on the committee, which is a...
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Jul 26, 2011
07/11
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FOXNEWSW
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eye 119
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the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six months from now? >> greta: let me ask you about the tax code reform. the simpson-bowles commission said 3300 tax hoop locals, earmarks in the tax code -- loopholes earmarks in the tax code. it didn't get passed over to congress. the president could have adopted that. why didn't the president seize upon that and said let's get rid of those 3300? ' adopted a lot of simpson-bowles commission in the budget framework he laid out in the spring. a lot of the negotiations that took place with the speaker. the president and speaker were agreei
the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six...
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Jul 23, 2011
07/11
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CSPAN
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parts industry, which i didn't realize was having a difficult time but they're getting killed by the big warehouses that are selling to the folks who like to buy car parts, and, but this isn't just a main street versus internet, because all these internet companies are on main street somewhere. and what happens when we get to the point where everybody is internet? aren't we all just main street? , and aren't we then in the same exact position as we are today where the inter internet, main street retailer in downtown sioux falls, south dakota is competing 3 the internet main street retailer in ogden, utah without the price differential, butting heads against each other trying to steal each other's local customers. # wanted to fix this problem given that there would not be any mainstream stores. i was taken aback because i could not figure a response. i could always think their response. it made me think. what have you tried? what if there is not mean streak in the sense that we think of it today? you can go online to the store around the corner by something dumb and have it shipped to you
parts industry, which i didn't realize was having a difficult time but they're getting killed by the big warehouses that are selling to the folks who like to buy car parts, and, but this isn't just a main street versus internet, because all these internet companies are on main street somewhere. and what happens when we get to the point where everybody is internet? aren't we all just main street? , and aren't we then in the same exact position as we are today where the inter internet, main...
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Jul 31, 2011
07/11
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CSPAN2
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eye 136
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the floor here from the state of pennsylvania has come in and said defaulting on the debt is not that big a deal. it can be, quote in his words, easily managed. does the senator from arizona agree with that thinking? mr. mccain: as the senator may know, i came to the floor a couple of days ago and made that comment, and the senator from illinois and i are in agreement, point number one. you can prioritize -- i think the senator and every economist i know literally would agree. you can prioritize for awhile where you want what remaining money is left. but the message you send to the world, not just our markets but to the world, that the united states of america is going to default on its debts is a totally unacceptable scenario and beneath a great nation. we are in agreement, number one. mr. durbin: amen. mr. mccain: number two is that to insist, to insist that any agreement is based on the passage through the united states senate of a balanced budget amendment to the constitution of the united states, as i said before, is not fair to the american people because, because the terrible obstr
the floor here from the state of pennsylvania has come in and said defaulting on the debt is not that big a deal. it can be, quote in his words, easily managed. does the senator from arizona agree with that thinking? mr. mccain: as the senator may know, i came to the floor a couple of days ago and made that comment, and the senator from illinois and i are in agreement, point number one. you can prioritize -- i think the senator and every economist i know literally would agree. you can...
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Jul 7, 2011
07/11
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CSPAN2
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but we can take a big step in the right direction. that's really what our country men and women want us to do. i'm glad that i got to hear part of the senators speech. i'm glad i have a chance to commend him for this leadership on the vexing and important problem that we need to deal with. >> i thank the senator. i yield the floor. >> u.s. senate today voted to continue moving forward with a nonbinding measure saying those earning more than $1 million should contribute more to federal debt reduction. they passed the motion to limit the debate, 74-22. after the vote, senate democratic leader harry reid announced no more votes in the senate. arizona republican said the senate gave up a week long 4th of july recess to work on debt ceiling and isn't accomplishing anything. we begin with kay hutchinson who opposes any tax relief. >> senate hutchinson, i was wondering the view that we've been terribly over worked this week. i understand that we canceled our 4th of july recess in order to get back here and get to work and do the people's bus
but we can take a big step in the right direction. that's really what our country men and women want us to do. i'm glad that i got to hear part of the senators speech. i'm glad i have a chance to commend him for this leadership on the vexing and important problem that we need to deal with. >> i thank the senator. i yield the floor. >> u.s. senate today voted to continue moving forward with a nonbinding measure saying those earning more than $1 million should contribute more to...
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Jul 12, 2011
07/11
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that would be a big mistake. that's why republicans are united in saying increasing taxes at any time, particularly in a weak economy, is the wrong prescription. getting our debt and deficit and spending under control, a balanced budget amendment, that's the solution. it can actually be enacted very quickly. we don't have to face a crisis that president obama and treasury secretary are trying to whip up here. mr. sessions: madam president, i would just say that i do believe we are at a national crisis with our debt. i believe that it endangers the nation because the erskine bowles who chaired the debt commission, appointed by president obama, has told us that we are facing an economic crisis as a result of the debt and written testimony to the budget committee, and he warned that we have to change the course we're on. i certainly believe that's true and i believe the rogoff and reinhart study affirmed by secretary geithner is correct, that it's already pulling down our growth. i'm really worried about the future
that would be a big mistake. that's why republicans are united in saying increasing taxes at any time, particularly in a weak economy, is the wrong prescription. getting our debt and deficit and spending under control, a balanced budget amendment, that's the solution. it can actually be enacted very quickly. we don't have to face a crisis that president obama and treasury secretary are trying to whip up here. mr. sessions: madam president, i would just say that i do believe we are at a national...
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Jul 17, 2011
07/11
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KPIX
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these are all good things, but they don't get the big job done. the president said he is committed to a big deal, $4 trillion over ten years i am committed to it, harry reid is committed to it we need some bipartisan buy in here ai think we can do it. >> schieffer: let me ask you, senator durbin that begs the question you said you are going to spend this week debate ago balanced budget amendment that you say everyone knows has no chance of passing so why are you debating that. >> because the republicans are insisting the debate takes place before anything happens we lived in a divided congress, the house of republican is under republican control and the senate 53 democrats, a nominal majority but not the 60 you need for big decisions so we have to check the boxes. one of them is to engage in this debate. it is interesting to me if you look back in history,. bob, and you will remember this when we had the biggest run up in america's debt in president reagan that was the hottest debate about a balanced budget constitutional amendment we don't need a
these are all good things, but they don't get the big job done. the president said he is committed to a big deal, $4 trillion over ten years i am committed to it, harry reid is committed to it we need some bipartisan buy in here ai think we can do it. >> schieffer: let me ask you, senator durbin that begs the question you said you are going to spend this week debate ago balanced budget amendment that you say everyone knows has no chance of passing so why are you debating that. >>...
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Jul 27, 2011
07/11
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and it's not small, it's big. and so there is $60 billion a year that -- i mean over ten years that we could save just by reforming the social security and disability system. and that doesn't say you don't want to help people that are disabled. it says you want to do what's the best thing for our country and help those people that are disabled. but we have undermined and we have taken advantage of those who need our love and care and they cheat the system and we have a bureaucracy that doesn't take them off the system, and we have an incompetent system of jurisprudence within the social security administration that puts people on that should never be on. but the attack comes that you don't care about people if you -- if, in fact, you want to fix this program. social security, everybody says don't touch social security. this congress and the congress before it has stolen stolen $2.5 trillion from the money you have put into social security. they have written a little bitty i.o.u. note there and said, well, when you
and it's not small, it's big. and so there is $60 billion a year that -- i mean over ten years that we could save just by reforming the social security and disability system. and that doesn't say you don't want to help people that are disabled. it says you want to do what's the best thing for our country and help those people that are disabled. but we have undermined and we have taken advantage of those who need our love and care and they cheat the system and we have a bureaucracy that doesn't...
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Jul 8, 2011
07/11
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MSNBC
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he's really putting the really dicey issues on the table, social security, medicare, big if, big i-f, if republicans backs off its no tax position. what do you make of that? >> thank you so much for having me. you're kind with your compliments. let me say this when we first started the biden talks being in that room, $4 trillion was a number we all talked about. we did feel, though that we couldn't get there, but that we should do something that would be a down payment on getting there. something between $1.4 and $2 trillion. and so these discussions we've had. and i would say to those people who have gotten so nervous about the president putting things like medicare on the table to remind them that when medicare part d was done, we brought in to support medicare that a lot of pharmaceuticals didn't have. they is medicaid. putting medicare out there and not allowing for adjusted rates, that's what got the costs up. if we had negotiated rates for medicare, same for the v.a., for veterans in the v.a., veterans administration, that could see a tremendous cost savings. so i am hopeful tha
he's really putting the really dicey issues on the table, social security, medicare, big if, big i-f, if republicans backs off its no tax position. what do you make of that? >> thank you so much for having me. you're kind with your compliments. let me say this when we first started the biden talks being in that room, $4 trillion was a number we all talked about. we did feel, though that we couldn't get there, but that we should do something that would be a down payment on getting there....
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Jul 26, 2011
07/11
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there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the task and i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> speaker john boehner there at the speaker's ceremonial office up on capitol hill. another set of dueling set of remarks by the president and the speaker. tonight you can watch both of them over on c-span a bit later this evening and watch them at our website c-span.org. we'll go to your calls. want to bring up one story from the "huffington post" about what the speaker put forward in terms of debt and deficit. tea party coalition rejects boehner proposal. the "cut, cap, and balance" coalition which boasts of hundreds of tea party groups and more than 100 gop lawmakers in its membership, citing two provisions in his proposal amount to deal breakers. call for creating a congressional commission and its inclusion of a balanced budget amendment according to the group is o
there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the task and i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> speaker john boehner there at the speaker's ceremonial office up on capitol hill. another set of dueling set of remarks by the president and the speaker. tonight you can watch both of them over on c-span a...
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Jul 12, 2011
07/11
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KRCB
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i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing some technologies that will allow nasa to push beyond low earth orbit. will there be funding for that? will there be the political will and leadership to follow through? those are big questions. >> dr. jemison, did nasa make, short term, the right choices. don't head off on something until you know where you are headed? >> well, i don't think it's an issue of don't hid off. i think the issue is reallies what con tell says is going somewhere -- con tell says is going somewhere and was it worth waiting until 2028 to get rid of the space station and shuttle pr
i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing...
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Jul 26, 2011
07/11
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eye 62
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so it came as a pretty big shock that you, mr. president -- i'm still on my second shot on the free shot. he is now asking me to quit talking, start shooting. but i would say it comes as a pretty big shock to those workers that yourself and the democratic members in both chambers would direct an attack on this industry. and this is true that i don't know how many members of the senate, not too many. my word, i don't know how many members of the house, i have heard that corporate jet, corporate jet. it has a ring to it i guess. but at any rate, why would you repeal a tax provision that has contributeed to job creation at a time of severe economic downturn, in fact, the one that you actually suggested? but there's more, there's more, mr. president, your ball. on top of this budget negotiators are considering implementing user fees on general aviation as a way to generate revenue. we have been down that road. let me be very clear. if user fees on general aviation are implemented, we could very well see the beginning of the end for th
so it came as a pretty big shock that you, mr. president -- i'm still on my second shot on the free shot. he is now asking me to quit talking, start shooting. but i would say it comes as a pretty big shock to those workers that yourself and the democratic members in both chambers would direct an attack on this industry. and this is true that i don't know how many members of the senate, not too many. my word, i don't know how many members of the house, i have heard that corporate jet, corporate...
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Jul 6, 2011
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it's a big sum of money. so we spend it in our expenditure levels, defense department, all the way through the agriculture department, everything in between, and we forgive or don't collect the same amount in the tax code. so who benefits from that? well, let's look at the basics. 70% of american taxpayers do not itemize on their tax returns. they file the standard return. they don't itemize. so the tax code doesn't mean anything to them. if there is a special deduction, unless it was a refundable tax credit -- rare category -- it doesn't help them. 70% of americans don't touch it. what are the biggest deductions under the u.s. tax code today? i in all my wisdom and education and experience on capitol hill, i raised my hand to the teacher and said well, it's the mortgage interest deduction, right? wrong. the biggest single deduction is the employers exclusion for health care premiums. so employers are able to exclude from income the amount of money they spend for health insurance for their employees. that's t
it's a big sum of money. so we spend it in our expenditure levels, defense department, all the way through the agriculture department, everything in between, and we forgive or don't collect the same amount in the tax code. so who benefits from that? well, let's look at the basics. 70% of american taxpayers do not itemize on their tax returns. they file the standard return. they don't itemize. so the tax code doesn't mean anything to them. if there is a special deduction, unless it was a...
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Jul 18, 2011
07/11
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until then, a big tank is for studio audience in a big tank is to former massachusetts governor, mitt romney. [applause] fcc commissioner robert mcdowell on the fcc's actions this week to begin cracking down on unauthorized service charges on consumers phone bills. that and other issues in front of the sec on "the communicators" on c-span2. >> have you ever visited the library of congress? over 2 million people have a now this is your chance to tour the world's largest library. tonight joined c-span for a look inside the library of congress. we will take you into the great hall and explore the main reading rooms. you will find unique books and the rare books and special collections including original books from thomas jefferson's personal collection and we'll see how the libraries using modern technology to discover hidden secrets and to preserve its holdings for future generations. join us for the library of congress tonight at 8:00 p.m. eastern and pacific on c-span. >> the senate has completed its business for the day and will gavel and tomorrow at 10:00 a.m.. earlier on the floor
until then, a big tank is for studio audience in a big tank is to former massachusetts governor, mitt romney. [applause] fcc commissioner robert mcdowell on the fcc's actions this week to begin cracking down on unauthorized service charges on consumers phone bills. that and other issues in front of the sec on "the communicators" on c-span2. >> have you ever visited the library of congress? over 2 million people have a now this is your chance to tour the world's largest library....
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Jul 19, 2011
07/11
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CSPAN2
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within three years we had repealed that big luxury tax. we weren't hitting millionaires and billionaires. we were hitting the people who actually made the yachts. priet after 9/11, congress pass -- right after 9/11, congress passed an accelerated depreciation provision for the commercial aviation -- or the general aviation industry. the idea there was to make sure that 9/11 didn't hit that industry too hard and jobs would be saved. in the president's stimulus bill, that accelerated depreciation provision for commercial jets -- or business jets, rather, was reauthorized. that's the thing we're talking about here when we talk about business jets. the president has said business jets shouldn't receive that kind of tax treatment. well, the people who he said would be benefited by the stimulus package with jobs created or jobs saved are the people who will lose their jobs if that particular tax treatment is taken away. now, maybe we should look at that. i'm not against looking at that tax treatment. if we should look at it and decide it's not a
within three years we had repealed that big luxury tax. we weren't hitting millionaires and billionaires. we were hitting the people who actually made the yachts. priet after 9/11, congress pass -- right after 9/11, congress passed an accelerated depreciation provision for the commercial aviation -- or the general aviation industry. the idea there was to make sure that 9/11 didn't hit that industry too hard and jobs would be saved. in the president's stimulus bill, that accelerated depreciation...
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Jul 29, 2011
07/11
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and compromises have already occurred, big compromises. most of us on this side of the aisle really believe that the way we get at our long-term debt structure is a responsible approach that includes some revenues. now, i'm advocating cleaning out the goodies in the tax code so we can lower some tax rates. i don't understand how you can at the same time vote to gut the medicare program and vote to continue writing checks to big oil. i cannot imagine that i would vote to keep writing a taxpayer check to the most wealthy and profitable corporations in the history of the world at the same time i was voting to put medicare on a voucher program. saying to seniors, you know, if you're 83 and you got three chronic illnesses and you run out of medicare coverage, you're on your own. i can't imagine doing that. but we compromised. we compromised and said, okay, we'll set revenues aside for now. you won't vote for revenues, republican party, members of the house in the republican party you'll not vote for revenues, we tack revenues off the table. so
and compromises have already occurred, big compromises. most of us on this side of the aisle really believe that the way we get at our long-term debt structure is a responsible approach that includes some revenues. now, i'm advocating cleaning out the goodies in the tax code so we can lower some tax rates. i don't understand how you can at the same time vote to gut the medicare program and vote to continue writing checks to big oil. i cannot imagine that i would vote to keep writing a taxpayer...
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Jul 15, 2011
07/11
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MSNBC
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push for the big cuts republicans say they want. if they turn their back on those big cuts, the president is in the strongest position to say they are not living up to their rhetoric. let alone their principles. >> and there is no chance of them accepting any kind of big deal at all because the president is insisting that there be tax revenue increases in there. so the president knows that he is pushing something that they absolutely cannot agree to. so at this point, what the president does seem to be doing is what you just said, is making his position appear to be the one who wants to do the big move on deficit reduction and forcing these republicans to back away from big deficit reduction, thereby, he hopes, neutralizing deficit reduction as an issue against him in the presidential campaign. >> well, look. he's talked about deficit reduction all the way through. but remember, it's not just his position here. it's two thirds of the american public. we have a slew of polls here saying that two thirds of the american people want to
push for the big cuts republicans say they want. if they turn their back on those big cuts, the president is in the strongest position to say they are not living up to their rhetoric. let alone their principles. >> and there is no chance of them accepting any kind of big deal at all because the president is insisting that there be tax revenue increases in there. so the president knows that he is pushing something that they absolutely cannot agree to. so at this point, what the president...
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but when i see an rv roll in with a big family... well, it fills my heart. but, as affordable as it is, it just makes sense to get everybody up and go on a vacation together. whoa, i didn't mean all of us. [ boy ] it's surprising just how affordable an rv vacation can be. see for yourself at gorving.com and get a free video. or visit an rv dealer. go affordably. go rving. terrorists perhaps trying to board airplanes with surgically implanted explosives. now after nearly a decade of u.s. military involvement in afghanistan, president obama's promising to begin drawing down u.s. troop levels. as nick payton walsh discovered during a trip to remote afghanistan, there are signs that the taliban and al qaeda see an opening. >> reporter: we pushed down into the valley. still an insurgent stronghold. high-tech american attack helicopters buzzed overhead until militants shot at them from up the valley. >> it's uncharacteristic for the taliban around here. they're getting gutsy. if you push up farther than that, you're going to take enemy contact. it's pretty certain
but when i see an rv roll in with a big family... well, it fills my heart. but, as affordable as it is, it just makes sense to get everybody up and go on a vacation together. whoa, i didn't mean all of us. [ boy ] it's surprising just how affordable an rv vacation can be. see for yourself at gorving.com and get a free video. or visit an rv dealer. go affordably. go rving. terrorists perhaps trying to board airplanes with surgically implanted explosives. now after nearly a decade of u.s....
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Jul 1, 2011
07/11
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MSNBC
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will they go for true believe fler 2012 or big bucks? they're facing with twice michele bachmann and mitt romney. he's got the bank roll but she's the true believer. who wins? and a fight over abortion ritsz. kansas approved new regulations for abortion clinics regulating everything from the drugs they stock to the size and temperature of procedures in recovery rooms. supporters say the new rules will protect patients but critic sas they're a thinly veiled attempt to shut down abortion clinics. and actor gary sennese, known for lieutenant dan in "forrest gump" he's made a movie. here tonight to talk about the film and a new way you could help wounded service people. finally, imagine -- john lennon, a reagan democrat? that's what his one-time personal assistant recalls. check out the "sideshow" tonight. we start with the economy. senator richard durbin, democrat from illinois and senate majority whip. thank you for coming on "hardball" tonight. new york senator chuck schumer on the republican's motivation. listen to him first. >> we need
will they go for true believe fler 2012 or big bucks? they're facing with twice michele bachmann and mitt romney. he's got the bank roll but she's the true believer. who wins? and a fight over abortion ritsz. kansas approved new regulations for abortion clinics regulating everything from the drugs they stock to the size and temperature of procedures in recovery rooms. supporters say the new rules will protect patients but critic sas they're a thinly veiled attempt to shut down abortion clinics....
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Jul 5, 2011
07/11
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CSPAN2
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so let's start soda with the big picture. here we are several years out of the financial crisis and you talk about some of the liquid fx. mr. bernanke talked about the risk this week, some of the problems that particularly persistent, seem to be continuing and may raise the risk that the slow down that we seem to be experiencing at the moment process. what anxiety level do you think is appropriate for the public and our policymakers right now as we look out to the risk that we see that seem to be percolating over the horizon on any number of different fronts? >> well, i think these are risks but they are subject to our control and influence. if we take some action and make some decisions. i think with the housing market we still have a low level from. these loans need to be restructured whether it makes economic sense for the distressed borrower can make an economically viable payment or if not, there needs to be relocation assistance or some other mechanism to clear the market. .. the industry, this is another promise aligne
so let's start soda with the big picture. here we are several years out of the financial crisis and you talk about some of the liquid fx. mr. bernanke talked about the risk this week, some of the problems that particularly persistent, seem to be continuing and may raise the risk that the slow down that we seem to be experiencing at the moment process. what anxiety level do you think is appropriate for the public and our policymakers right now as we look out to the risk that we see that seem to...
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Jul 22, 2011
07/11
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that's how big it is. and there are six human beings up there doing research right now, and, you know, we have trials in the food and drug administration on drugs that have been developed on that international space station. the first one that's in trials right now is a vaccine for salmonella. another one that is getting ready to start trials is a vaccine for mrsa, it is the highly infectious bacterial disease in hospitals that we find so difficult to control because you can't get a kind of antibiotic that'll control it. so, mr. president, i just wanted to say for america's space team, a job well-done. a number of us, including senator hutchison and myself, had introduced and we passed last week the resolution commemorating the men and women of nasa and, indeed, their congratulations and commendations are certainly in order. -- on a job well-done. the space program lives -- the space program will go to greater heights. we will go to mars, and we will see americans venture out into the cosmos for even great
that's how big it is. and there are six human beings up there doing research right now, and, you know, we have trials in the food and drug administration on drugs that have been developed on that international space station. the first one that's in trials right now is a vaccine for salmonella. another one that is getting ready to start trials is a vaccine for mrsa, it is the highly infectious bacterial disease in hospitals that we find so difficult to control because you can't get a kind of...
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Jul 25, 2011
07/11
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wise by president bush life enjoyed the conversational tone that he took and his presidency in the big defense white 9/11 and others that are part of the presence and in the process of getting to the karl rove new book, i don't know if anything had more of a lasting impact on what we are talking about today van we did with regard to the economic meltdown. reading secretary powell sen new autobiography would be frustrated with him by the end of the time but to give the benefit of the dow to see his side of the story. french and center and i am also reading new book from a local alabama author called the the final sum it. he takes real people from the past churchill, abraham lincoln, joan of arc, george washington carver and weaves them in a fictitious way but to use real-life examples to inspire us to be better
wise by president bush life enjoyed the conversational tone that he took and his presidency in the big defense white 9/11 and others that are part of the presence and in the process of getting to the karl rove new book, i don't know if anything had more of a lasting impact on what we are talking about today van we did with regard to the economic meltdown. reading secretary powell sen new autobiography would be frustrated with him by the end of the time but to give the benefit of the dow to see...
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Jul 17, 2011
07/11
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t we did too big surveys of these folks. what i found fascinating as if began to look through theegan results of the service, the t difference in how people were how pe responding to questions aboutop opportunity and access as anitya function of age or asra generations. would go into this a little bit later, but a short story is s those people who were under 40 and you have a system that i have organized where i call these people generations, the people under 40 responded quitei differently to those who were over 40 in terms of how muchm discrimination date received in the workplace and how much ofp today's date of were available for them personally. just in terms of how difficult it was to make it in americanci, society. and so once i saw this interesting generational break out in the data we went back w ahead of a small group ofarchers researchers and conducted overdu 130 follow-up interviews just in the people in the survey in addition to over 100 interviewst conducted generally from the book.t so it was somewhat differen
t we did too big surveys of these folks. what i found fascinating as if began to look through theegan results of the service, the t difference in how people were how pe responding to questions aboutop opportunity and access as anitya function of age or asra generations. would go into this a little bit later, but a short story is s those people who were under 40 and you have a system that i have organized where i call these people generations, the people under 40 responded quitei differently to...
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Jul 24, 2011
07/11
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africans are being put in these big jobs that the british have had. they can go into hotels and restaurants that used to say no africans or dogs allowed. now they can go in and order a couple of shots of whiskey. all kinds of things are possible. it was a very exciting time in obama let loose. he was smart. yet a great job when he came back. he had a white wife. he had everything. and he should have been -- gone on to be successful. partly he drinks too much, partly he doesn't have a ph.d.. i think there really was a very large wound, and partly he was a self-destructive character. he argued, he criticized. he complained about the british. they didn't know what they were doing. where were you when i was getting my harvard degree he would say to people. kenyan and british alike and it didn't go well for him. he lost his first job. he was a trainee at shell. he doesn't get re-upped. he is let go and he goes on to a hugely promising job in the research department at the central bank of kenya. this was the new bank. this to could've been the opportunity o
africans are being put in these big jobs that the british have had. they can go into hotels and restaurants that used to say no africans or dogs allowed. now they can go in and order a couple of shots of whiskey. all kinds of things are possible. it was a very exciting time in obama let loose. he was smart. yet a great job when he came back. he had a white wife. he had everything. and he should have been -- gone on to be successful. partly he drinks too much, partly he doesn't have a ph.d.. i...
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Jul 21, 2011
07/11
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those are the big ones. that was the sum and stance of s the sum and stains of what they came up for. what are entitlement programs? things that we're entitled to by virginia tie of our age, if we are 65 years of age, we paid into social security, medicare, we may be eligible -- will be eligible in all likelihood for medicare f we're disabled, totally disabled to work, we'll be eligible for medicare, even before age 65. if we paid into social security for a number of years, we'll be eligible foyer early retirement for sact age 62. we can take it at 67 for full retirement benefits, which i think are roughly about $2,000 per month max, something like that. but anyway, those are some things -- medicare, medicaid, social security are entitlement programs. they said they should all be on the table. they did not propose using social security to balance the budget but what they did say is say we've got a long-term problem in social security with the imbalance between now the amount of money that is coming into soci
those are the big ones. that was the sum and stance of s the sum and stains of what they came up for. what are entitlement programs? things that we're entitled to by virginia tie of our age, if we are 65 years of age, we paid into social security, medicare, we may be eligible -- will be eligible in all likelihood for medicare f we're disabled, totally disabled to work, we'll be eligible for medicare, even before age 65. if we paid into social security for a number of years, we'll be eligible...
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Jul 25, 2011
07/11
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it sounds like a mid-level bureaucracy but this is a big job bringing in the tourists' etc. to me if he lasts for years. he doesn't just a drink on the job, he gets arrested. two months after fer joined driving he starts to lie about what the job is that he travels around the country developing tourism. he claims the title about him she says he's the general manager. he's not the general manager. they didn't really like that. many things began to happen. >> host: it's interesting that you talk about this personal habits and rather messy series of personal behavior with drinking and so long and womanizing. again, looking at the sun, what a contrast. president obama, a very disciplined man in his conduct and the week that he does business, he's got the law professors' attitudes about argued cases and seeing all sides of things, but he's not a confrontational person and i wonder if this is another reaction against his dad or to try to be the opposite of his death i wonder if he had thoughts about that. >> guest: i was trying to think of words between the two of them. president
it sounds like a mid-level bureaucracy but this is a big job bringing in the tourists' etc. to me if he lasts for years. he doesn't just a drink on the job, he gets arrested. two months after fer joined driving he starts to lie about what the job is that he travels around the country developing tourism. he claims the title about him she says he's the general manager. he's not the general manager. they didn't really like that. many things began to happen. >> host: it's interesting that you...
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Jul 30, 2011
07/11
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the deficit is too big. we are not using the right baseline because we are assuming 8% increases every year as far as the eye can see and what bothers me in all of this, karl, is that the tea party's attack, "wall street journal," nro, weekly standard, they are called hob bits, senator mix cane mccain, it iss compromise mentality that gave us this debt and the tea party by -- this is what they said what they wanted from the elected officials they are standing on a principle. when did it become a bad thing to stand on your principles? >> i think you are right but let's remember this is about the debt ceiling that is part of but in some ways separate from the broader question of the deficit. and we have turned the debt ceiling into a welcome opportunity to do something about the deficit but we shouldn't expect to get everything done on this debt ceiling vote that needs to be done on the deficit because some involves deep structural reforms that ought to be discussed and debated for the good of the country. >>
the deficit is too big. we are not using the right baseline because we are assuming 8% increases every year as far as the eye can see and what bothers me in all of this, karl, is that the tea party's attack, "wall street journal," nro, weekly standard, they are called hob bits, senator mix cane mccain, it iss compromise mentality that gave us this debt and the tea party by -- this is what they said what they wanted from the elected officials they are standing on a principle. when did...
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Jul 30, 2011
07/11
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FOXNEWSW
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the deficit is too big. we are not using the right baseline because we are assuming 8% increases every year as far as the eye can see and what bothers me in all of this, karl, is that the tea party's attack, "wall street journal," nro, weekly standard, they are called hob bits, senator mix cane mccain, it iss compromise mentality that gave us this debt and the tea party by -- this is what they said what they wanted from the elected officials they are standing on a principle. when did it become a bad thing to stand on your principles? >> i think you are right but let's remember this is about the debt ceiling that is part of but in some ways separate from the broader question of the deficit. and we have turned the debt ceiling into a welcome opportunity to do something about the deficit but we shouldn't expect to get everything done on this debt ceiling vote that needs to be done on the deficit because some involves deep structural reforms that ought to be discussed and debated for the good of the country. >>
the deficit is too big. we are not using the right baseline because we are assuming 8% increases every year as far as the eye can see and what bothers me in all of this, karl, is that the tea party's attack, "wall street journal," nro, weekly standard, they are called hob bits, senator mix cane mccain, it iss compromise mentality that gave us this debt and the tea party by -- this is what they said what they wanted from the elected officials they are standing on a principle. when did...